December 21, 2021 The Bank of Jamaica (BOJ) issued currency totaling $6.9 billion in the week leading up to the Christmas holidays (December 13-17, 2021), representing a 3.3% rise in the currency stock for the week. This was consistent with the 3.3% growth in stock for the same period in 2020. The net currency issue
December 16, 2021 In November, the seasonally adjusted Producer Price Index for final demand climbed by 0.8%. Final demand prices increased by 0.6% in each of the 3 prior months. There was a 9.6% increase in prices for final demand. Prices for final demand less foods, energy, and trade services climbed 0.7% in the month
December 15, 2021 On December 15, 2021, the Federal Reserve decided to maintain its benchmark interest rate at 0 and 0.25% after the Federal Open Market Committee concluded its two-day meeting. This target range is expected to be maintained until labor market conditions have reached levels consistent with the Committee’s assessments of maximum employment. With progress on vaccinations
December 14, 2021 JBG reported Total Revenues of $35.83 billion for the six months ended October 31, 2021, a 35% increase on the $26.54 billion reported in 2020. Revenue for the quarter rose 30% to $18.22 billion versus $13.96 billion reported for the same quarter of 2020. Of total revenues: o The Jamaica Operations contributed $20.44
December 14, 2021 Stopover arrivals in September 2021 were 100,654 – representing a 251.3% increase over the 28,648 recorded in 2020, however, arrivals were 30.4% down on the 144,583 arrivals recorded in September 2019. Optimistically, For the January to September period, arrivals increased by 39.5%, with 970,435 stopovers recorded, this is 274,714 more stopovers compared
December 13, 2021 For the year ended October 31 ,2020 Scotia Group Jamaica Limited’s (SGJ) net interest income declined 9% to amount to $22.71 billion, relative to $24.86 billion for the corresponding period in 2020, while interest expenses declined by 22% to total $1.86 billion (2020: $2.37 billion). Interest income for the year decreased from $27.23 billion in 2020 to
December 09, 2021 The advance figure for seasonally adjusted initial claims in the week ending December 4 was 184,000, a 43,000 decrease from the previous week's revised level. This is the lowest amount of initial claims since September 6, 1969, when it stood at 182,000. The prior week's figure was raised by 5,000 points, from
December 2, 2021 Government Operations Results for October 2021 For the period of April to October 2021, the GOJ reported Total Revenues & Grants of $375.05 billion, $2.80 billion less than the Government’s projection. This represented an increase of approximately 26.8% relative to the $295.81 billion recorded for the corresponding period in 2020. ‘Tax Revenue’,
December 1, 2021 Total Construction Construction spending is expected to be $1,598.0 billion in October 2021, up 0.2% (±1.2%) from the revised September’s estimate of $1594.8 billion. The October amount is 8.6% (±1.3%) higher than the October 2020 projection of $1,471.7 billion. Construction investment reached $1,323.1 billion in the first ten months of this year,
November 26, 2021 Monthly Economic Review - October 2021 Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation
